Guyana's Vice President Dr. Bharrat Jagdeo said the review of Exxon’s proposed Uaru project has been “practically” completed, and that final approval is expected in a maximum of 2-3 weeks.
Presently, the Ministry of Natural Resources is conducting its final...
A two-week period of consultation was recently concluded on the indicative terms and guidelines of Guyana’s first ever offshore licensing round, and the draft model petroleum agreements. The government plans to release the updated models this month.
The deadline for...
By Arthur Deakin - OilNOW
Within months, Guyana is expected to have auctioned 14 different oil blocks surrounding the biggest offshore oil discovery in the last decade. The government has announced that there could be 25 billion barrels of...
Guyana’s value to ExxonMobil will be felt for decades to come, according to an Analyst at Seeking Alpha, a crowd-sourced content service provider that publishes news on financial markets.
In his latest piece on April 12, the analyst examined Exxon’s...
Guyana’s ongoing offshore licensing round offers 14 blocks - 11 in the shallow water, and three in the deep. The draft model contracts will govern new licenses to be issued to winning bidders, and existing deals outside of the...
The rapid development of oil and gas resources is not only high on Guyana’s agenda but that of some of the world’s most powerful nations.
In fact, Guyana ranks sixth on a list of 30 big oil-producing countries pursuing new...
Guyana’s growth forecast from the International Monetary Fund (IMF) has been given a considerable boost. While the institution’s 2022 Article IV report had estimated Guyana’s real gross domestic product (GDP) would grow 25.2% in 2023, this has been revised...
Guyana’s third oil production vessel - Prosperity, has arrived in the country's waters.
Operator ExxonMobil in a Tuesday morning release said the Prosperity will kickstart production from its Payara field in the Stabroek Block later this year.
"The arrival of the...
Energy market research and intelligence company Westwood Energy says exploration for hydrocarbons remains a high-risk business with only one in every three high impact exploration wells drilled between 2017 and the end 2022 resulting in a potential commercial discovery.
“The...
Stabroek Block operator, Esso Exploration & Production Guyana Limited (EEPGL), plans to put in place a contract for the provision of managed warehouse facility and services as its operations expand in the South American nation.
In a public request for...
